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☆ Juice your portfolio income with these dividend payers that offer high yields, Wells Fargo says
▼ + stars: | 2024-07-23 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

High dividend yield stocks can boost investors' portfolio income — if they are willing to take some risk — and Wells Fargo Investment Institute has a list of its favorite picks. Further, a company that offers a high dividend yield may be more likely to cut the payment when times get tough. Chevron , a top pick in Wells Fargo's integrated oils coverage, made the high dividend yield list. Wells Fargo Investment Institute also highlighted PepsiCo in its high dividend yield screen. Other names on Wells Fargo's high dividend yield list include Medtronic , Lockheed Martin and Cisco Systems .

Persons: Thomas Christopher, Christopher, Wells, Roger Read, Hess, Read, Jefferies, Kaumil Gajrawala, Omnicom, Lockheed Martin Organizations: Wells, Wells Fargo Investment Institute, Investment Institute, Chevron, Exxon Mobil, Hess Corp, PepsiCo, Gatorade, Quaker Oats, Frito, Omnicom, Lockheed, Cisco Systems Locations: Wells Fargo, Guyana

☆ Oil prices little changed after OPEC+ extends output cuts
▼ + stars: | 2024-06-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

The OPEC logo on the building of the Organization of the Petroleum Exporting Countries. Crude oil futures were little change on Monday as investors tried to parse what impact OPEC's weekend decision on production policy will have on the market. OPEC+ agreed to extend 3.6 million barrels per day in production cuts through the end of 2025. But JPMorgan analysts said the decision by OPEC+ Sunday is largely neutral for global oil prices in 2024. The production cuts combined with summer driving should increase Brent prices by $10 to the $90-per-barrel range by September, according to the investment bank.

Persons: Wells, Roger Read, Brent Organizations: Organization of, Petroleum, JPMorgan, OPEC Locations: OPEC, Saudi Arabia, Russia, Q4'24

☆ AI could drive a natural gas boom as power companies face surging electricity demand
▼ + stars: | 2024-05-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +10 min

AI data centers alone are expected to add about 323 terawatt hours of electricity demand in the U.S. by 2030, according to Wells Fargo. The forecast power demand from AI alone is seven times greater than New York City's current annual electricity consumption of 48 terawatt hours. The natural gas industry is betting gas will serve as the preferred choice. Coal plant retirements and data centers could result in 6 bcf/d of new natural gas demand in EQT's backyard by 2030, the CEO said. The level of electricity demand could help lift natural gas prices out of the doldrums.

Persons: Kena, Goldman Sachs, Robert, Richard Kinder, Kinder Morgan, Kinder, Roger Read, Wells, Goldman, Toby Rice, Rice, CNBC's, Christopher Womack, Robert Blue, EQT, Jeremy Knop, Knop, Blue, Read, Lynn, Zack Van Everen, Robert Kinder Organizations: Linden, View Press, Getty, Amazon, Google, Microsoft, Meta, Rystad Energy, Robert Blue Dominion Energy, Gas, Holt, Co, EQT Corp, U.S ., Dominion Energy, Georgia Power, Southern Company, Dominion, Renewables, CNBC, Lynn Good, Energy Locations: Linden New Jersey, U.S, Wells, Wells Fargo, New York, Houston, Pickering, Northern Virginia, Georgia, Appalachian, Virginia, Gulf

☆ These are the most overbought and oversold stocks on Wall Street after a wild week of trading
▼ + stars: | 2024-04-13 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

The stock market ended the volatile week lower, but there could still be opportunities for plenty of companies' shares to rebound. CNBC Pro used its stock screener tool to find the most overbought and oversold stocks on Wall Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are considered overbought, which indicates that shares might soon turn lower. Devon Energy made the list of overbought stocks, dominated by oil and gas producers, with an RSI of 82. On the other hand, Texas-based life insurer Globe Life , with an RSI of just 3, is among the most oversold stocks on Wall Street.

Persons: Roger Read, Devon, Wells, Deere, Lamb Weston, FactSet, —, Fred Imbert Organizations: Dow Jones, CNBC Pro, Devon Energy, Exxon Mobil, Barclays, Exxon, Truist Securities, Deere, Globe, Research, Securities Locations: Devon, Wells, Delaware, Illinois, Texas, Lamb, Idaho

Meanwhile, Micron got a price target increase from Bank of America, which sees the chipmaker surging more than 20%. 7:08 a.m.: Jefferies raises forecast on Target Jefferies thinks improving consumer discretionary trends should boost Target shares. The firm increased its price target on the stock to $205 from $195, implying shares gaining 16% from where they closed on Thursday. He upgraded shares to overweight from equal weight and increased his price target by $13 to $59. The bank also revised its bull case price target to $110 from $90, implying upside of nearly 130%.

Persons: Morgan Stanley, Target Jefferies, Corey Tarlowe, Jefferies, Tarlowe, TGT's, — Hakyung Kim, Wells, Roger Read, Read, Hakyung Kim, Brandon Oglenski, Hunt, Robinson, Werner, Oglenski, Anthony Cassamassino, Vivek Arya, Arya, —, Morgan, DAL, Fred Imbert Organizations: CNBC, Delta Air Lines, Micron, Bank of America, Jefferies, Target, Devon Energy, Diamondback Energy, EOG Resources, Barclays, J.B, C.H, Werner Enterprises, Bank of America's, Microsoft, Meta, Next, 2Q, Spotify, Citigroup, Marvell, Devices, TAM, Abercrombie, Fitch's Locations: Wells Fargo, Devon, Delaware, Q2'24, Thursday's, DAL

☆ General Electric is among the most overbought names on Wall Street. Here are the others
▼ + stars: | 2024-03-22 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

After significantly outperforming the broader market this year, shares of General Electric could see a pullback, at least according to one popular chart metric. Using the CNBC Pro Stock Screener tool, we searched for the most overbought and oversold names in the S & P 500 based on their 14-day relative strength index, or RSI. Here are some of the most overbought names: General Electric 's 14-day RSI of nearly 83 indicates that shares could be overbought. Several oil and gas names are also overbought, according to their RSI. However, Wall Street anticipates nearly 17% upside for Marathon Oil, according to LSEG.

Persons: LSEG, Wells, Roger Read Organizations: General, Federal Reserve, Dow Jones, Nasdaq, CNBC, Stock, GE, GE Vernova, New York Stock Exchange, Valero Energy, Marathon Petroleum, Marathon, NRG Energy, LSEG, NRG, Valero, Oil, Pfizer Locations: U.S, LSEG, Wells Fargo

☆ Earnings playbook: Your guide to trading this week's biggest reports, including Goldman Sachs
▼ + stars: | 2024-01-15 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Data compiled by The Earnings Scout shows the early reporters have had no trouble beating earnings expectations so far. Tuesday Goldman Sachs is set to report earnings before the bell, followed by a conference call at 9:30 a.m. What history shows: Goldman exceeds earnings expectations 85% of the time, data from Bespoke Investment Group shows. What history shows: Bespoke data shows PNC tops earnings expectations 75% of the time. What history shows: KeyCorp shares have fallen on four of the last five earnings days, Bespoke data shows.

Persons: Goldman Sachs, Morgan Stanley, Hugh Son, Goldman, James Gorman, Ted Pick, it's, Jefferies, Schlumberger, SLB, Wells, Roger Read Organizations: JPMorgan Chase, Bank of America, Citigroup, Wall, PNC Financial, CNBC, Investment Group, Management, LSEG, PNC, Regional Banking, JPMorgan, UST, Schlumberger Locations: Wells Fargo, Cleveland, Pittsburgh, 3Q23, SLB

☆ M&As are heating up, we're gonna continue to see more deals, says Roth MKM's Leo Mariani
▼ + stars: | 2023-10-06 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailM&As are heating up, we're gonna continue to see more deals, says Roth MKM's Leo MarianiRoger Read, Wells Fargo senior analyst, and Leo Mariani, Roth MKM senior analyst, join 'Closing Bell Overtime' to talk a possible merger between Exxon Mobil and Pioneer Natural.

Persons: we're, Roth MKM's Leo Mariani Roger Read, Wells, Leo Mariani, Roth MKM Organizations: Wells Fargo, Exxon Mobil

☆ This energy equipment stock could soar as much as 35%, Wells Fargo says
▼ + stars: | 2023-08-09 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

This liquified natural gas equipment provider's stock could add more than 35% in value, according to Wells Fargo. The firm upgraded Chart Industries to overweight from equal weight Wednesday with a $224 per share price target, up from $162. GTLS YTD mountain Chart Industries stock has climbed more than 43% from the start of 2023. Chart Industries provides equipment used to produce and store liquefied natural gas and other industrial fuels. The company estimated $655 million to $705 million in cash can be used to slash its debt this year.

Persons: Roger Read, Howden, Read, — CNBC's Michael Bloom Organizations: Industries Locations: Wells Fargo, Howden

☆ Big Oil's capital discipline has led to solid returns and tremendous dividends: Wells Fargo's Read
▼ + stars: | 2023-07-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBig Oil's capital discipline has led to solid returns and tremendous dividends: Wells Fargo's ReadRoger Read, Wells Fargo senior energy analyst, joins 'Squawk on the Street' to discuss his thoughts on Exxon and Chevron, if big oil will begin to buy more properties, and much more.

Persons: Wells Fargo's Read Roger Read, Wells Organizations: Exxon, Chevron Locations: Wells Fargo

☆ Here are the most overbought and oversold S&P 500 stocks, including several tech names
▼ + stars: | 2023-04-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

One metric to determine if a stock is overbought or oversold is the "relative strength index," which measures the magnitude and speed of price moves. An equity with a 14-day RSI under 30 is considered oversold, which means it may be an opportunity to buy. Meanwhile, those with a 14-day RSI above 70 are considered overbought — and the names could be due for a pause. CNBC Pro screened for S & P 500 stocks in both the overbought and oversold territory, based on their RSI. Valero Energy has the lowest 14-day RSI on the list, at 16.67.

☆ Wells Fargo raises the caution flag on refiners, downgrades Valero, Marathon
▼ + stars: | 2023-04-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wells Fargo is less optimistic on the future performance of oil refinery stocks Analyst Roger Read downgraded both Valero Energy and Marathon Petroleum to equal weight from overweight. "We raise the caution flag on the refining sector," he said in a note to clients Tuesday. Jet inventory, meanwhile, is "well above" where it was a year ago but still below the average levels seen historically. Demand has also recovered compared with the long-term average but still sits below levels seen before the pandemic. MPC VLO 5Y mountain Valero and Marathon — CNBC's Michael Bloom contributed to this report.

☆ These 8 stocks are cheap and are expected to see strong earnings growth this year
▼ + stars: | 2023-02-22 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

But there are some stocks that appear more reasonably priced, at least by one common valuation yardstick. The companies listed are also expected to see earnings per share growth of at least 10% this year. According to FactSet, 81% of Wall Street analysts have a buy rating on the stock. Financial stocks often trade at lower P/E ratios than the market as a whole, due in part to their slower growth prospects, but insurance company Metlife offers some attractive upside, according to analysts. According to FactSet, 65% of analysts have a buy rating on Metlife, with an average upside of 17% from current levels.

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